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'A Paper Tiger': Saudi Arabia is weaker than it appears, even after new defense pact, NSC head says

"Saudi Arabia has a great deal of weaponry and a great deal of money, but militarily, it cannot manage to 'get through the day,'" said Brig.-Gen. (res.) Jacob Nagel.

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July jobs report reveals unexpected loss of 23,000 jobs

Friday's jobs report showed employers shed jobs last month, rather than adding 95,000 new hires that had been forecast by economists.

  • U.S. economy lost 23,000 jobs in July
  • Unemployment rate fell to 4.1%
  • Labor force growth slowdown attributed to job loss